investment trusts

Managers fear further market falls

The £332.1m Ruffer investment company has announced a tap issue of 100,000 redeemable participating preference shares of £0.01 each, at a price of 216p per share.

Ceremony to be held in November

FE Trustnet's Joshua Ausden asks whether discount control mechanisms (DCMs) are really all they are cracked up to be.

A study by Henderson Global Investors has found the majority of investors supported performance fees on funds, despite an industry-wide trend for scrapping them.

Nick Greenwood's Miton Worldwide Growth trust has proposed new measures to provide investors with more liquidity in a bid to attract inflows.

Paul Niven, manager of the £2.5bn Foreign and Colonial investment trust, said he has already started tapping into the resources on offer following BMO's acquisition of F&C earlier this year.

'Everyone is still working out their value'

Equity income strategies are set to remain in favour but dividend growth rather than headline yield is becoming increasingly important, according to Henderson High Income's David Smith.

Jupiter is handing its £60m investment trust savings and ISA businesses to Hargreaves Lansdown to administer, in a deal for an undisclosed sum.